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Hayoung Choi

Bank of Korea holds off tightening policy on jobs, inflation worries

Aug 31 2018

SEOUL The Bank of Korea kept monetary policy unchanged as expected on Friday, and its chief hosed down expectations of further policy tightening this year, in the face of a jobs crisis and inflation still stubbornly below target.

POLL-S.Korea base rate seen on hold in August, pressured by poor economic data

Aug 28 2018

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=KROCRT%3DECI poll data

Korea Exchange says it checking Merrill Lynch trades because of public concerns

Aug 21 2018

SEOUL The Korea Exchange (KRX) said on Tuesday it was monitoring Merrill Lynch's Seoul operations after media reports and petitions regarding the investment bank's trades.

South Korea creates just 5,000 new jobs in July, smallest since financial crisis

Aug 16 2018

SEOUL South Korea added a mere 5,000 new jobs in July, slowing sharply from 106,000 a month earlier, official data showed on Friday, the smallest increase since January 2010 in the depths of the global financial crisis.

South Korea's July exports return to growth, but outlook murky

Jul 31 2018

SEOUL, August 1 South Korea's exports returned to growth in July on brisk sales of memory chips, but the chill from a deepening U.S.-China trade conflict had still to be felt, and there were also doubts over how much longer booming demand for chips would last.

S.Korean fin min vows to aid small firms, stabilize FX market

Jul 26 2018

July 26 South Korea's finance minister said on Thursday he is closely monitoring the currency moves and that he will take stern action to stabilize the market, if needed.

South Korea's second-quarter growth dips as capital investment, consumption slow

Jul 25 2018

SEOUL A rapid fall in capital investment slowed South Korea’s economic growth in the second quarter, while weaker export growth highlighted concerns over the outlook for trade in the second half of the year.

South Korea says sanctions shrank North Korean economy at sharpest rate in 20 years

Jul 20 2018

SEOUL North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, as international sanctions and drought hit growth hard, with signs living conditions were beginning to deteriorate. | Video

N.Korea economy declines at sharpest rate in 20 yrs in 2017

Jul 19 2018

SEOUL, July 20 North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated on Friday, in a clear sign international sanctions imposed to stop Pyongyang’s nuclear and missile programmes have hit growth hard.

South Korea cuts economic growth outlook, wage hikes seen choking jobs recovery

Jul 17 2018

SEOUL South Korea on Wednesday cut its economic growth forecast for this year, citing a feeble labor market recovery and global trade tensions.

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